OAKLAND, Calif., Aug. 26, 2014 /PRNewswire/ -- ORO EAST MINING, INC. (OTCBB: OROE) is a minerals development group and an international mine acquisition and exploration company with a portfolio that spans several continents. Past projects have included mining claims in Southeast Asia and North America. The company's present focus is on developing gold mine claims in California. OROE's board of directors bring to the company decades of mining, mineral acquisition, and international trading experience. Its mission now is to revive the gold industry in the United States and merge advancing China-developed technology with American mines in homage of Gold Mountain, a cornerstone of American Chinese history and legacy.
OROE effected a twenty-for-one forward stock split on June 12, 2014 to increase the number of shares that are outstanding by issuing more shares to current shareholders. OROE hopes the split will encourage more investors as it continues fundraising efforts for its Carson Hill Gold Project.
Disclaimer: This press release contains forward-looking statements that may involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Oro East's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Oro East on the date of the release, and Oro East assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-K filed with the U.S. Securities Exchange Commission.
SOURCE Oro East Mining, Inc.